IWR vs. VALQ ETF Comparison

Comparison of iShares Russell Mid-Cap ETF (IWR) to American Century STOXX U.S. Quality Value ETF (VALQ)

IWR

iShares Russell Mid-Cap ETF

IWR Description

The investment seeks to track the investment results of an index composed of mid-capitalization U.S. equities. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of the mid-capitalization sector of the U.S. equity market. The underlying index is a float-adjusted, capitalization-weighted index of the 800 smallest issuers in the Russell 1000® Index.

Grade (RS Rating)

Last Trade

$94.53

Average Daily Volume

1,461,787

Number of Holdings ^*

803

* may have additional holdings in another (foreign) market

VALQ

American Century STOXX U.S. Quality Value ETF

VALQ Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the iSTOXX® American Century USA Quality Value Index (the underlying index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the underlying index. The underlying index is designed to select securities of large- and mid-capitalization companies that are undervalued or have sustainable income.

Grade (RS Rating)

Last Trade

$63.92

Average Daily Volume

6,261

Number of Holdings ^*

241

* may have additional holdings in another (foreign) market

Performance

Period	IWR	VALQ
30 Days	6.87%	3.97%
60 Days	7.84%	4.17%
90 Days	9.96%	6.47%
12 Months	34.02%	28.71%

168 Overlapping Holdings

	Symbol	Grade	Weight in IWR	Weight in VALQ	Overlap
	AIZ	A	0.09%	0.1%	0.09%
	AKAM	D	0.11%	0.08%	0.08%
	ALL	A	0.43%	0.09%	0.09%
	ALLE	D	0.1%	0.55%	0.1%
	ALLY	C	0.08%	0.07%	0.07%
	ALSN	B	0.08%	0.14%	0.08%
	AMCR	D	0.12%	0.31%	0.12%
	AMG	B	0.05%	0.09%	0.05%
	AMKR	D	0.02%	0.13%	0.02%
	AN	C	0.03%	0.08%	0.03%
	AOS	F	0.07%	0.07%	0.07%
	APP	B	0.63%	0.31%	0.31%
	ARW	D	0.05%	0.32%	0.05%
	AXS	A	0.06%	0.11%	0.06%
	AXTA	A	0.07%	0.09%	0.07%
	AYI	B	0.08%	0.49%	0.08%
	AZEK	A	0.05%	0.34%	0.05%
	BBY	D	0.16%	1.07%	0.16%
	BERY	B	0.06%	0.09%	0.06%
	BK	A	0.48%	0.1%	0.1%
	BRBR	A	0.08%	0.21%	0.08%
	BWA	D	0.06%	0.08%	0.06%
	BYD	C	0.04%	0.1%	0.04%
	CACI	D	0.09%	0.08%	0.08%
	CAG	D	0.1%	0.08%	0.08%
	CAH	B	0.24%	0.84%	0.24%
	CCK	C	0.09%	0.09%	0.09%
	CHTR	C	0.3%	0.09%	0.09%
	CLX	B	0.17%	1.58%	0.17%
	CNC	D	0.25%	0.06%	0.06%
	COKE	C	0.06%	0.08%	0.06%
	COLM	B	0.02%	0.2%	0.02%
	COR	B	0.33%	0.09%	0.09%
	CPB	D	0.07%	0.07%	0.07%
	CR	A	0.07%	0.18%	0.07%
	CROX	D	0.05%	0.06%	0.05%
	CRUS	D	0.04%	0.18%	0.04%
	CSL	C	0.17%	0.09%	0.09%
	CTSH	B	0.32%	0.77%	0.32%
	DBX	B	0.05%	0.38%	0.05%
	DCI	B	0.08%	0.6%	0.08%
	DDS	B	0.01%	0.15%	0.01%
	DGX	A	0.15%	0.09%	0.09%
	DKS	C	0.09%	0.12%	0.09%
	DLB	B	0.03%	0.1%	0.03%
	DOCU	A	0.13%	0.33%	0.13%
	DOX	D	0.08%	0.67%	0.08%
	DPZ	C	0.12%	0.16%	0.12%
	DVA	B	0.07%	0.2%	0.07%
	EA	A	0.36%	0.09%	0.09%
	EBAY	D	0.26%	1.85%	0.26%
	EEFT	B	0.04%	0.08%	0.04%
	EG	C	0.13%	0.08%	0.08%
	EHC	B	0.08%	0.09%	0.08%
	EME	C	0.19%	0.14%	0.14%
	EPAM	C	0.11%	0.1%	0.1%
	EVR	B	0.09%	0.1%	0.09%
	EXEL	B	0.08%	0.14%	0.08%
	EXPD	D	0.14%	0.08%	0.08%
	EXPE	B	0.19%	0.13%	0.13%
	FFIV	B	0.11%	0.52%	0.11%
	FICO	B	0.44%	0.25%	0.25%
	FIS	C	0.41%	0.09%	0.09%
	FLO	D	0.03%	0.23%	0.03%
	FLS	B	0.06%	0.37%	0.06%
	FOXA	B	0.09%	0.09%	0.09%
	G	B	0.06%	0.39%	0.06%
	GAP	C	0.04%	0.14%	0.04%
	GDDY	A	0.21%	0.1%	0.1%
	GIS	D	0.29%	0.08%	0.08%
	GL	B	0.08%	0.11%	0.08%
	GPC	D	0.14%	0.92%	0.14%
	GWW	B	0.42%	0.32%	0.32%
	HIG	B	0.28%	0.09%	0.09%
	HPE	B	0.23%	0.09%	0.09%
	HPQ	B	0.3%	1.74%	0.3%
	HRB	D	0.07%	0.52%	0.07%
	HUBB	B	0.19%	0.42%	0.19%
	IDXX	F	0.29%	0.13%	0.13%
	INCY	C	0.1%	0.09%	0.09%
	INFA	D	0.02%	0.09%	0.02%
	INGR	B	0.08%	1.87%	0.08%
	IQV	D	0.29%	0.07%	0.07%
	IVZ	B	0.05%	0.63%	0.05%
	JAZZ	B	0.06%	0.09%	0.06%
	JBL	B	0.12%	0.29%	0.12%
	JEF	A	0.11%	0.2%	0.11%
	JKHY	D	0.1%	0.09%	0.09%
	JLL	D	0.1%	1.43%	0.1%
	K	A	0.17%	0.09%	0.09%
	KEYS	A	0.21%	0.09%	0.09%
	KR	B	0.32%	0.22%	0.22%
	L	A	0.12%	0.09%	0.09%
	LAMR	D	0.09%	0.17%	0.09%
	LDOS	C	0.18%	0.09%	0.09%
	LECO	B	0.09%	0.85%	0.09%
	LEN	D	0.33%	0.17%	0.17%
	LEN	D	0.01%	0.17%	0.01%
	LFUS	F	0.05%	0.14%	0.05%
	LYB	F	0.18%	1.15%	0.18%
	MANH	D	0.14%	0.09%	0.09%
	MAS	D	0.14%	1.19%	0.14%
	MAT	D	0.05%	0.08%	0.05%
	MEDP	D	0.07%	0.07%	0.07%
	MHK	D	0.06%	0.07%	0.06%
	MSM	C	0.03%	0.08%	0.03%
	MTD	D	0.21%	0.83%	0.21%
	MTG	C	0.05%	0.42%	0.05%
	NEU	C	0.03%	0.23%	0.03%
	NTAP	C	0.2%	0.43%	0.2%
	NTRS	A	0.18%	0.1%	0.1%
	NVR	D	0.21%	0.08%	0.08%
	NVT	B	0.1%	0.69%	0.1%
	NXST	C	0.04%	0.08%	0.04%
	NYT	C	0.07%	0.51%	0.07%
	OC	A	0.14%	1.16%	0.14%
	OMC	C	0.15%	0.09%	0.09%
	OMF	A	0.05%	0.09%	0.05%
	ORI	A	0.08%	0.19%	0.08%
	OTIS	C	0.33%	1.04%	0.33%
	PARA	C	0.05%	0.08%	0.05%
	PEGA	A	0.03%	0.12%	0.03%
	PHM	D	0.22%	0.08%	0.08%
	PKG	A	0.17%	0.1%	0.1%
	POST	C	0.04%	0.08%	0.04%
	PPG	F	0.24%	0.15%	0.15%
	PVH	C	0.05%	0.08%	0.05%
	QRVO	F	0.05%	0.05%	0.05%
	REYN	D	0.01%	0.46%	0.01%
	RGA	A	0.13%	0.09%	0.09%
	RHI	B	0.06%	0.1%	0.06%
	RL	B	0.07%	0.1%	0.07%
	RMD	C	0.28%	0.09%	0.09%
	ROST	C	0.38%	0.15%	0.15%
	SAIC	F	0.05%	0.08%	0.05%
	SEIC	B	0.07%	0.76%	0.07%
	SKX	D	0.07%	0.07%	0.07%
	SNA	A	0.15%	0.11%	0.11%
	SPG	B	0.48%	1.81%	0.48%
	SSNC	B	0.13%	0.08%	0.08%
	STLD	B	0.17%	0.1%	0.1%
	STT	A	0.24%	0.1%	0.1%
	SWK	D	0.11%	0.07%	0.07%
	SWKS	F	0.11%	0.09%	0.09%
	SYF	B	0.21%	0.12%	0.12%
	SYY	B	0.31%	0.15%	0.15%
	TAP	C	0.09%	0.1%	0.09%
	TER	D	0.13%	0.06%	0.06%
	THC	D	0.12%	0.09%	0.09%
	TKR	D	0.04%	0.07%	0.04%
	TOL	B	0.13%	1.07%	0.13%
	TPR	B	0.11%	0.88%	0.11%
	TRMB	B	0.14%	0.11%	0.11%
	TROW	B	0.21%	0.09%	0.09%
	TSN	B	0.15%	0.08%	0.08%
	TWLO	A	0.14%	0.14%	0.14%
	TXRH	C	0.11%	0.1%	0.1%
	TXT	D	0.13%	0.08%	0.08%
	UHS	D	0.1%	0.19%	0.1%
	UNM	A	0.1%	0.11%	0.1%
	USFD	A	0.12%	0.1%	0.1%
	UTHR	C	0.13%	0.13%	0.13%
	VLTO	D	0.21%	1.6%	0.21%
	VMI	B	0.06%	0.1%	0.06%
	VRSN	F	0.13%	0.09%	0.09%
	WING	D	0.08%	0.13%	0.08%
	WSM	B	0.14%	0.4%	0.14%
	ZM	B	0.18%	0.36%	0.18%

IWR Overweight 635 Positions Relative to VALQ

	Symbol	Grade	Weight
	PLTR	B	1.09%
	WMB	A	0.57%
	OKE	A	0.53%
	AJG	B	0.52%
	AFL	B	0.51%
	COIN	C	0.5%
	HLT	A	0.5%
	DLR	B	0.48%
	URI	B	0.46%
	AMP	A	0.46%
	RCL	A	0.45%
	KMI	A	0.44%
	MSTR	C	0.44%
	TTD	B	0.43%
	O	D	0.41%
	CMI	A	0.41%
	LNG	B	0.4%
	VST	B	0.4%
	FAST	B	0.39%
	SQ	B	0.39%
	PWR	A	0.39%
	DHI	D	0.39%
	MSCI	C	0.38%
	KVUE	A	0.38%
	PRU	A	0.38%
	PAYX	C	0.38%
	LHX	C	0.38%
	PEG	A	0.37%
	AME	A	0.37%
	PCG	A	0.37%
	CCI	D	0.37%
	HWM	A	0.37%
	VRT	B	0.36%
	DFS	B	0.36%
	ODFL	B	0.35%
	BKR	B	0.35%
	AXON	A	0.35%
	TRGP	B	0.35%
	DAL	C	0.34%
	IR	B	0.34%
	CBRE	B	0.33%
	VRSK	A	0.33%
	FERG	B	0.33%
	HES	B	0.33%
	CTVA	C	0.32%
	XEL	A	0.32%
	EXC	C	0.32%
	IT	C	0.32%
	GEHC	F	0.31%
	A	D	0.31%
	YUM	B	0.31%
	DDOG	A	0.31%
	ACGL	D	0.3%
	VMC	B	0.3%
	NUE	C	0.29%
	GLW	B	0.29%
	MTB	A	0.29%
	MLM	B	0.29%
	ED	D	0.28%
	IRM	D	0.28%
	WAB	B	0.28%
	DD	D	0.28%
	EXR	D	0.28%
	GRMN	B	0.27%
	NDAQ	A	0.27%
	AVB	B	0.27%
	ROK	B	0.27%
	VICI	C	0.27%
	HUBS	A	0.27%
	HUM	C	0.27%
	FANG	D	0.27%
	MCHP	D	0.27%
	DOW	F	0.26%
	WEC	A	0.26%
	VEEV	C	0.26%
	ETR	B	0.26%
	EIX	B	0.26%
	WTW	B	0.26%
	FITB	A	0.26%
	UAL	A	0.25%
	DXCM	D	0.25%
	RJF	A	0.25%
	EFX	F	0.25%
	ARES	A	0.25%
	TTWO	A	0.25%
	CSGP	D	0.24%
	ANSS	B	0.24%
	XYL	D	0.24%
	GPN	B	0.24%
	TSCO	D	0.24%
	ALNY	D	0.24%
	DOV	A	0.23%
	EQR	B	0.23%
	ON	D	0.23%
	CPNG	D	0.23%
	HAL	C	0.22%
	AWK	D	0.22%
	BRO	B	0.22%
	FCNCA	A	0.22%
	FTV	C	0.22%
	CHD	B	0.22%
	SW	A	0.22%
	DECK	A	0.22%
	BR	A	0.22%
	NET	B	0.22%
	MPWR	F	0.22%
	PPL	B	0.21%
	HSY	F	0.21%
	EQT	B	0.21%
	TYL	B	0.21%
	ADM	D	0.21%
	TPL	A	0.21%
	HBAN	A	0.21%
	VTR	C	0.21%
	RBLX	C	0.21%
	CVNA	B	0.21%
	SBAC	D	0.2%
	CDW	F	0.2%
	FE	C	0.2%
	DVN	F	0.2%
	RF	A	0.2%
	CCL	B	0.2%
	AEE	A	0.2%
	DTE	C	0.2%
	CPAY	A	0.2%
	PTC	A	0.19%
	WY	D	0.19%
	WST	C	0.19%
	ZBH	C	0.19%
	BIIB	F	0.19%
	CINF	A	0.19%
	LPLA	A	0.19%
	HOOD	B	0.18%
	ILMN	D	0.18%
	EXE	B	0.18%
	STE	F	0.18%
	ES	D	0.18%
	TDY	B	0.18%
	ATO	A	0.18%
	MKL	A	0.18%
	IFF	D	0.18%
	WBD	C	0.18%
	FSLR	F	0.17%
	CMS	C	0.17%
	LYV	A	0.17%
	WDC	D	0.17%
	INVH	D	0.17%
	CBOE	B	0.17%
	WAT	B	0.17%
	CFG	B	0.17%
	BLDR	D	0.17%
	CTRA	B	0.16%
	IBKR	A	0.16%
	NRG	B	0.16%
	BAH	F	0.16%
	ESS	B	0.16%
	COO	D	0.16%
	LUV	C	0.16%
	LII	A	0.16%
	CNP	B	0.16%
	ZBRA	B	0.16%
	MDB	C	0.16%
	LH	C	0.16%
	DRI	B	0.16%
	PFG	D	0.16%
	IP	B	0.16%
	RS	B	0.15%
	KEY	B	0.15%
	WRB	A	0.15%
	HOLX	D	0.15%
	WSO	A	0.15%
	DKNG	B	0.15%
	TOST	B	0.15%
	PODD	C	0.15%
	ARE	D	0.15%
	MAA	B	0.15%
	FDS	B	0.15%
	ZS	C	0.15%
	TRU	D	0.15%
	MKC	D	0.15%
	BALL	D	0.15%
	NI	A	0.14%
	KIM	A	0.14%
	NTRA	B	0.14%
	DG	F	0.14%
	XPO	B	0.14%
	ALGN	D	0.14%
	FWONK	B	0.14%
	NTNX	A	0.14%
	LVS	C	0.14%
	PINS	D	0.14%
	HEI	B	0.14%
	BURL	A	0.14%
	MOH	F	0.14%
	RPM	A	0.14%
	IEX	B	0.14%
	J	F	0.14%
	PNR	A	0.14%
	ULTA	F	0.14%
	VTRS	A	0.13%
	FNF	B	0.13%
	DT	C	0.13%
	SUI	D	0.13%
	LNT	A	0.13%
	FIX	A	0.13%
	GWRE	A	0.13%
	AVY	D	0.13%
	CF	B	0.13%
	MRO	B	0.13%
	GEN	B	0.13%
	BAX	D	0.13%
	ROL	B	0.12%
	SOFI	A	0.12%
	AVTR	F	0.12%
	EQH	B	0.12%
	EVRG	A	0.12%
	EWBC	A	0.12%
	APTV	D	0.12%
	NDSN	B	0.12%
	ACM	A	0.12%
	UDR	B	0.12%
	DOC	D	0.12%
	ENTG	D	0.12%
	PSTG	D	0.12%
	CASY	A	0.12%
	JBHT	C	0.12%
	TW	A	0.12%
	GGG	B	0.12%
	PFGC	B	0.11%
	CHRW	C	0.11%
	GLPI	C	0.11%
	DLTR	F	0.11%
	AFRM	B	0.11%
	ELS	C	0.11%
	RNR	C	0.11%
	POOL	C	0.11%
	RVTY	F	0.11%
	REG	B	0.11%
	CW	B	0.11%
	SAIA	B	0.11%
	BJ	A	0.1%
	BWXT	B	0.1%
	OVV	B	0.1%
	Z	A	0.1%
	NBIX	C	0.1%
	OKTA	C	0.1%
	EMN	D	0.1%
	JNPR	F	0.1%
	HEI	B	0.1%
	BMRN	D	0.1%
	SCI	B	0.1%
	FTI	A	0.1%
	HST	C	0.1%
	WPC	D	0.1%
	ALB	C	0.1%
	KMX	B	0.1%
	BXP	D	0.1%
	CPT	B	0.1%
	ITT	A	0.1%
	COHR	B	0.1%
	CLH	B	0.1%
	BG	F	0.1%
	AMH	D	0.1%
	WBS	A	0.09%
	PRI	A	0.09%
	PNW	B	0.09%
	TECH	D	0.09%
	GNRC	B	0.09%
	CTLT	B	0.09%
	CAVA	B	0.09%
	FND	C	0.09%
	CUBE	D	0.09%
	LW	C	0.09%
	NWSA	B	0.09%
	BLD	D	0.09%
	SJM	D	0.09%
	ATR	B	0.09%
	CG	A	0.09%
	TTEK	F	0.09%
	AA	B	0.09%
	FHN	A	0.09%
	PAYC	B	0.09%
	DAY	B	0.09%
	RRX	B	0.09%
	DUOL	A	0.09%
	NCLH	B	0.09%
	OWL	A	0.09%
	SF	B	0.09%
	TFX	F	0.08%
	FBIN	D	0.08%
	AAON	B	0.08%
	TPX	B	0.08%
	GMED	A	0.08%
	SMCI	F	0.08%
	WMS	D	0.08%
	RGLD	C	0.08%
	WYNN	D	0.08%
	SOLV	C	0.08%
	FRT	B	0.08%
	TKO	B	0.08%
	SRPT	D	0.08%
	PNFP	B	0.08%
	AAL	B	0.08%
	CRL	C	0.08%
	CNH	C	0.08%
	CIEN	B	0.08%
	MKTX	D	0.08%
	PR	B	0.08%
	HLI	B	0.08%
	WTRG	B	0.08%
	WAL	B	0.08%
	CHDN	B	0.08%
	LBRDK	C	0.08%
	ARMK	B	0.08%
	MUSA	A	0.08%
	DTM	B	0.08%
	NLY	C	0.08%
	OHI	C	0.08%
	AFG	A	0.08%
	AES	F	0.08%
	GME	C	0.08%
	LKQ	D	0.08%
	EXP	A	0.08%
	RPRX	D	0.08%
	LAD	A	0.08%
	IPG	D	0.08%
	WWD	B	0.08%
	KNSL	B	0.08%
	CHRD	D	0.07%
	MTCH	D	0.07%
	RRC	B	0.07%
	ACI	C	0.07%
	X	C	0.07%
	CZR	F	0.07%
	SNV	B	0.07%
	APG	B	0.07%
	CE	F	0.07%
	APA	D	0.07%
	CNM	D	0.07%
	CFR	B	0.07%
	VOYA	B	0.07%
	PLNT	A	0.07%
	CHE	D	0.07%
	RIVN	F	0.07%
	EGP	F	0.07%
	GPK	C	0.07%
	MOS	F	0.07%
	LNW	D	0.07%
	HRL	D	0.07%
	MTZ	B	0.07%
	TTC	D	0.07%
	GLOB	B	0.07%
	WTFC	A	0.07%
	CBSH	A	0.07%
	ZION	B	0.07%
	OGE	B	0.07%
	ITCI	C	0.07%
	FYBR	D	0.07%
	HAS	D	0.07%
	BILL	A	0.07%
	CMA	A	0.07%
	BRX	A	0.07%
	MGM	D	0.07%
	SNX	C	0.07%
	PCTY	B	0.07%
	ROKU	D	0.07%
	KNX	B	0.07%
	PEN	B	0.07%
	HSIC	B	0.07%
	AR	B	0.07%
	WCC	B	0.07%
	RBC	A	0.07%
	EXAS	D	0.07%
	MORN	B	0.07%
	REXR	F	0.07%
	AWI	A	0.06%
	MTN	C	0.06%
	H	B	0.06%
	CFLT	B	0.06%
	SN	D	0.06%
	LSCC	D	0.06%
	MTDR	B	0.06%
	FMC	D	0.06%
	DAR	C	0.06%
	ALK	C	0.06%
	CGNX	C	0.06%
	FCN	D	0.06%
	BPOP	B	0.06%
	MTSI	B	0.06%
	MASI	A	0.06%
	ELAN	D	0.06%
	R	B	0.06%
	GXO	B	0.06%
	FR	C	0.06%
	ATI	D	0.06%
	FRPT	B	0.06%
	RGEN	D	0.06%
	GNTX	C	0.06%
	VFC	C	0.06%
	ESTC	C	0.06%
	ESAB	B	0.06%
	MKSI	C	0.06%
	AGNC	D	0.06%
	GTLB	B	0.06%
	BBWI	D	0.06%
	OSK	B	0.06%
	VNO	B	0.06%
	S	B	0.06%
	LPX	B	0.06%
	MIDD	C	0.06%
	CART	C	0.06%
	RLI	B	0.06%
	RYAN	B	0.06%
	WEX	D	0.06%
	PCOR	B	0.06%
	PB	A	0.06%
	TREX	C	0.06%
	WH	B	0.06%
	KEX	C	0.06%
	SMAR	A	0.06%
	ADC	B	0.06%
	SSD	D	0.06%
	OLED	D	0.06%
	HII	D	0.06%
	NNN	D	0.06%
	ONTO	D	0.06%
	KBR	F	0.06%
	ENPH	F	0.06%
	LITE	B	0.05%
	RITM	C	0.05%
	VVV	F	0.05%
	PATH	C	0.05%
	NFG	A	0.05%
	THO	B	0.05%
	OLLI	D	0.05%
	BRKR	D	0.05%
	FOX	A	0.05%
	JHG	A	0.05%
	ETSY	D	0.05%
	AGCO	D	0.05%
	THG	A	0.05%
	VNT	B	0.05%
	FNB	A	0.05%
	WFRD	D	0.05%
	IDA	A	0.05%
	WHR	B	0.05%
	LAZ	B	0.05%
	FOUR	B	0.05%
	BFAM	D	0.05%
	WBA	F	0.05%
	DOCS	C	0.05%
	STWD	C	0.05%
	UHAL	D	0.05%
	BEN	C	0.05%
	BIO	D	0.05%
	COLD	D	0.05%
	SITE	D	0.05%
	ESI	A	0.05%
	SIRI	C	0.05%
	NOV	C	0.05%
	MSA	D	0.05%
	KD	B	0.05%
	WSC	D	0.05%
	COLB	A	0.05%
	LSTR	D	0.05%
	BSY	D	0.05%
	ELF	C	0.05%
	FAF	A	0.05%
	STAG	F	0.05%
	LYFT	C	0.05%
	HR	C	0.05%
	DINO	D	0.05%
	AZPN	A	0.05%
	M	D	0.04%
	KMPR	B	0.04%
	RYN	D	0.04%
	PSN	D	0.04%
	SLGN	A	0.04%
	CELH	F	0.04%
	KRC	C	0.04%
	SEE	C	0.04%
	CUZ	B	0.04%
	LOPE	B	0.04%
	RH	B	0.04%
	AGO	B	0.04%
	FIVE	F	0.04%
	ST	F	0.04%
	HCP	B	0.04%
	ROIV	C	0.04%
	AVT	C	0.04%
	WTM	A	0.04%
	HXL	D	0.04%
	OLN	D	0.04%
	SON	D	0.04%
	INSP	D	0.04%
	UGI	A	0.04%
	AL	B	0.04%
	BROS	B	0.04%
	CIVI	D	0.04%
	OZK	B	0.04%
	AM	A	0.04%
	VNOM	A	0.04%
	U	C	0.04%
	VKTX	F	0.04%
	APPF	B	0.04%
	SLM	A	0.04%
	LNC	B	0.04%
	CLF	F	0.04%
	CCCS	B	0.04%
	LEA	D	0.04%
	IONS	F	0.04%
	TPG	A	0.04%
	BC	C	0.04%
	WEN	D	0.03%
	AMTM	D	0.03%
	BHF	B	0.03%
	SMG	D	0.03%
	PENN	C	0.03%
	VAC	B	0.03%
	ZI	D	0.03%
	HUN	F	0.03%
	YETI	C	0.03%
	NCNO	B	0.03%
	IRDM	D	0.03%
	EPR	D	0.03%
	ZG	A	0.03%
	HIW	D	0.03%
	PII	D	0.03%
	ACHC	F	0.03%
	FHB	A	0.03%
	IAC	D	0.03%
	NVST	B	0.03%
	SPR	D	0.03%
	W	F	0.03%
	TNL	A	0.03%
	NWS	B	0.03%
	NWL	B	0.03%
	PRGO	B	0.03%
	DNB	B	0.03%
	XRAY	F	0.03%
	MDU	D	0.03%
	DXC	B	0.03%
	ASH	D	0.03%
	OGN	D	0.03%
	LINE	F	0.03%
	HOG	D	0.03%
	RARE	D	0.03%
	CHH	A	0.03%
	GFS	C	0.03%
	MSGS	A	0.03%
	GTES	A	0.03%
	WLK	D	0.03%
	VSTS	C	0.02%
	CRI	D	0.02%
	UAA	C	0.02%
	ALAB	B	0.02%
	RKT	F	0.02%
	QDEL	F	0.02%
	LBTYK	A	0.02%
	LBTYA	B	0.02%
	IPGP	D	0.02%
	LCID	F	0.02%
	KSS	F	0.02%
	SHC	F	0.02%
	PPC	C	0.02%
	ADT	C	0.02%
	AZTA	D	0.02%
	RCM	F	0.02%
	AAP	C	0.02%
	HAYW	B	0.02%
	CWEN	C	0.02%
	JWN	C	0.02%
	PINC	B	0.02%
	ALGM	D	0.02%
	CPRI	F	0.02%
	SPB	C	0.02%
	MP	B	0.02%
	HHH	B	0.02%
	ENOV	C	0.02%
	MPW	F	0.02%
	AGR	B	0.02%
	BOKF	B	0.02%
	WU	D	0.02%
	CXT	B	0.02%
	APLS	D	0.02%
	COTY	F	0.02%
	CACC	D	0.02%
	DV	C	0.02%
	FIVN	C	0.02%
	TDC	D	0.02%
	SAM	C	0.02%
	VIRT	B	0.02%
	CC	C	0.02%
	ECG	C	0.02%
	AMED	F	0.02%
	MAN	D	0.02%
	PAG	B	0.02%
	RNG	B	0.02%
	SNRE	D	0.02%
	NSA	D	0.02%
	LLYVK	A	0.02%
	PK	B	0.02%
	UWMC	D	0.01%
	PLTK	B	0.01%
	SEB	F	0.01%
	TFSL	A	0.01%
	WOLF	F	0.01%
	LOAR	A	0.01%
	CWEN	C	0.01%
	CNA	B	0.01%
	AS	B	0.01%
	CERT	F	0.01%
	PYCR	C	0.01%
	LLYVA	A	0.01%
	UI	A	0.01%
	TXG	F	0.01%
	SNDR	B	0.01%
	TRIP	F	0.01%
	LBRDA	C	0.01%
	LEG	F	0.01%
	DJT	C	0.01%
	GO	C	0.01%
	QS	F	0.01%
	CAR	C	0.01%
	FTRE	D	0.01%
	FWONA	B	0.01%
	UA	C	0.01%
	CLVT	F	0.01%
	BIRK	D	0.01%
	CNXC	F	0.01%
	PARAA	B	0.0%
	SEG	B	0.0%
	GRAL	C	0.0%
	UHAL	D	0.0%
	NFE	D	0.0%

IWR Underweight 74 Positions Relative to VALQ

	Symbol	Grade	Weight
	AAPL	C	-2.66%
	CMCSA	B	-2.3%
	WMT	A	-2.28%
	MSI	B	-2.25%
	AMZN	C	-2.15%
	NFLX	A	-2.12%
	IBM	C	-2.11%
	KMB	D	-2.0%
	HD	A	-1.95%
	ETN	A	-1.88%
	CTAS	B	-1.87%
	CL	D	-1.77%
	APH	A	-1.74%
	KO	D	-1.69%
	ABBV	D	-1.67%
	TXN	C	-1.44%
	TGT	F	-1.18%
	UBER	D	-1.17%
	PG	A	-1.11%
	SFM	A	-1.04%
	ITW	B	-0.91%
	BMY	B	-0.82%
	PYPL	B	-0.8%
	CSCO	B	-0.72%
	CI	F	-0.66%
	GOOGL	C	-0.63%
	MO	A	-0.57%
	QCOM	F	-0.49%
	ECL	D	-0.44%
	CBT	C	-0.41%
	SHW	A	-0.32%
	SM	B	-0.31%
	NOVT	D	-0.28%
	QLYS	C	-0.27%
	MSFT	F	-0.26%
	PH	A	-0.26%
	TT	A	-0.26%
	MPC	D	-0.22%
	ADSK	A	-0.21%
	CAT	B	-0.2%
	NSIT	F	-0.18%
	TJX	A	-0.17%
	ANF	C	-0.14%
	FTNT	C	-0.11%
	AIT	A	-0.11%
	GILD	C	-0.11%
	MLI	C	-0.11%
	BKNG	A	-0.11%
	META	D	-0.1%
	MMM	D	-0.1%
	TMHC	B	-0.09%
	BRK.A	B	-0.09%
	FIZZ	C	-0.09%
	PGR	A	-0.09%
	BMI	B	-0.09%
	LMT	D	-0.09%
	FDX	B	-0.09%
	WTS	B	-0.09%
	ALKS	B	-0.09%
	CMC	B	-0.09%
	MCK	B	-0.09%
	GM	B	-0.09%
	KBH	D	-0.08%
	VLO	C	-0.08%
	ADBE	C	-0.08%
	JNJ	D	-0.08%
	AVGO	D	-0.08%
	ADTN	A	-0.08%
	LRCX	F	-0.07%
	AMAT	F	-0.07%
	IGT	F	-0.07%
	MMS	F	-0.07%
	ELV	F	-0.06%
	KLAC	D	-0.06%

IWR: Top Represented Industries & Keywords

Industries: Software - Application Banks - Regional - US Diversified Industrials Biotechnology Diagnostics & Research Software - Infrastructure Business Services Utilities - Regulated Electric Asset Management Oil & Gas E&P Specialty Retail Packaged Foods Packaging & Containers Information Technology Services Semiconductors Building Materials Capital Markets Insurance - Property & Casualty REIT - Residential Specialty Chemicals

Keywords: S&P 500 Computing Natural Gas Insurance Nasdaq 100 Real Estate Investment Trust Electronics Banking Aerospace Bank Chemical Electricity Telecommunications Mining Medicine Insurance Products Semiconductor Biotechnology Beverage Cloud Computing

VALQ: Top Represented Industries & Keywords

Industries: Software - Application Asset Management Diversified Industrials Packaged Foods Information Technology Services Semiconductors Software - Infrastructure Specialty Chemicals Business Services Residential Construction Specialty Retail Biotechnology Diagnostics & Research Packaging & Containers Apparel Stores Communication Equipment Drug Manufacturers - Major Electronic Components Household & Personal Products Insurance - Diversified

Keywords: S&P 500 Nasdaq 100 Computing Insurance Telecommunications Dow Jones Component Mobile Devices Aerospace Electronics Work From Home Clothing Mining Chemical Semiconductor Insurance Products Retail Store Beverage E-Commerce Health Insurance Integrated Circuits